With the start of free agency only days away, the Ravens still have work to do to improve a tight salary-cap situation that threatens to hinder their ability to not only re-sign their own free agents but to add outside talent to the roster.
On Saturday, teams were allowed to enter contract negotiations with the certified agents of other NFL teams’ unrestricted free agents, but they are not allowed to complete a deal until 4 p.m. Tuesday when free agency officially begins. Of course, the reality is that teams and agents have been talking through back channels for weeks — February’s scouting combine in Indianapolis has long been considered a tampering haven — and a number of deals will be all but official before Tuesday afternoon.
The Ravens are currently just $4.639 million under the salary cap, resources that will be exhausted when they tender their list of restricted and exclusive-rights free agents by Tuesday’s deadline.
Defensive tackle Haloti Ngata and cornerback Lardarius Webb remain the two biggest names who will impact the salary cap as the Ravens continue to try to rework their existing deals. Carrying a $16 million cap figure in the final season of his five-year, $61 million contract, Ngata is expected to be released if the Ravens cannot work out an extension by Tuesday and there have been no indications that a deal is close to happening. Cutting the five-time Pro Bowl selection would save $8.5 million in savings while leaving $7.5 million in dead money on the 2015 salary cap.
Webb’s situation is more complex as he carries a $12 million cap figure and the Ravens would like him to accept a cut from the $8 million base salary he’s owed for 2015. Cutting the 29-year-old would result in only $2 million in savings — in addition to further weakening the cornerback position — unless the Ravens designate him a post-June 1 release, which would mean his cap figure would remain on the books until long after most free-agent activity is already over.
Of course, the Ravens could make other cap-saving releases after parting ways with veterans Jacoby Jones and Chris Canty in the last two weeks. Other potential casualties include center Gino Gradkowski, linebacker Albert McClellan, and punter Sam Koch.
But the entire offseason remains in a holding pattern until resolutions are found with both Ngata and Webb.